MOL MAGYAR OLAJ- ÉS

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MOL Magyar Olaj es Gázipari Nyilvánosan Muködo Reszvenytársaság : Signing of an EUR 575 million revolving credit facility agreement and extension of EUR 555 million revolving credit facility agreement

11/29/2021 | 12:01pm

MOL Plc. ("MOL") hereby notifies the market of the following:

EUR 575 million revolving credit facility agreement (the "Agreement") was signed on the 29 November 2021 by MOL Group Finance Zrt. ("FinCo") as Borrower and MOL as Guarantor.

Simultaneously, the total available commitment was cancelled under the EUR 615 million revolving credit facility agreement concluded by MOL on 29 June 2016.

The transaction was coordinated by BNP Paribas and UniCredit, while OTP Bank Plc., will act as Facility Agent.

MOL achieved highly competitive conditions in the Agreement with the initial margin being 60 basis points. The Agreement was arranged as a club-deal with MOL Group's relationship banks. The tenor of the facility is 5 years and additionally includes two 1-year extension option, it can be drawn in Euros and US Dollars.

The new Agreement further enhances the financial profile of MOL Group via maturity profile optimization.

At the same time, the maturity of the EUR 555 million revolving credit facility agreement signed on 9 July 2018 by MOL Group Finance S.A. Bertrange, Zürich Branch as Borrower (as predecessor of FinCo in that agreement) and MOL Plc. as Guarantor changes to the following: EUR 470 million will mature on 9 July 2025, while EUR 50 million on 9 July 2024 and EUR 35 million on 9 July 2023.

Disclaimer

MOL plc published this content on 29 November 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 29 November 2021 17:00:07 UTC.

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